Axis Retirement Fund - Conservative
Retirement Fund · Axis Asset Management Co. Ltd.
Among the 106 similar retirement funds we track, this one has grown money at about the average pace. ₹1 lakh invested 5 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹7.1 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹87,270. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Axis Retirement Fund - Conservative is a retirement fund from Axis Asset Management Co. Ltd.. It has a track record of about 6.7 years. As of the latest data it carries an RS rating of 24/99 (its recent momentum versus category peers) and a King Score of 52/100 (a long-term quality composite). The current NAV is ₹17.34 (as of 2026-09-16).
Growth of ₹100 - last 5 years
Axis Retirement Fund - Conservative returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -3.14% | -2.95% |
| 3 months | -0.27% | 0.53% |
| 6 months | -0.15% | 4.58% |
| 1 year | -0.34% | 1.68% |
| 3 years (CAGR) | 7.13% | 9.28% |
| 5 years (CAGR) | 5.95% | 8.86% |
The last 5 years return is 5.95% a year (₹1 lakh → ₹1.3 lakh), and the last 3 years return is 7.13% - behind its category's 9.28% average by 2.1 points. Its trailing one-year return is -0.34%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Axis Retirement Fund - | Benchmark |
|---|---|---|
| 2020 | +15.8% | +16.7% |
| 2021 | +14.0% | +30.2% |
| 2022 | -2.6% | +3.0% |
| 2023 | +15.5% | +25.8% |
| 2024 | +13.1% | +15.2% |
| 2025 | +6.3% | +6.7% |
| 2026 | -3.0% | -5.8% |
Axis Retirement Fund - Conservative beat its benchmark in 1 of the last 7 calendar years. A below-par hit-rate versus its own index is worth weighing against its other strengths. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Axis Retirement Fund - Conservative would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹388,771 | 3.24% |
| 5 years | ₹610,000 | ₹708,809 | 5.94% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹708,809 - an XIRR of 5.94%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -12.73% | -18.9% |
| Worst drawdown (3Y) | -7.0% | -10.88% |
| Volatility (1Y) | 7.8% | 11.28% |
| Sharpe (3Y) | 0.1 | 0.22 |
| Sortino (3Y) | 0.17 | 0.42 |
| Beta (3Y) | 0.38 | 0.61 |
| Alpha (3Y) | -0.3% | 1.79% |
| Up capture | 42.8% | 66.1% |
| Down capture | 33.7% | 55.59% |
| Bull-market return | 15.2% | 20.14% |
| Bear-market return | -10.5% | -15.38% |
Timing matters more than people admit: the best possible 1-year stretch in Axis Retirement Fund - Conservative (starting 2020-03-23) gained 29.8%, while the worst (starting 2022-01-14) lost 4.0%. The worst peak-to-bottom fall Axis Retirement Fund - Conservative has ever put investors through is -12.73% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -10.5% annualised, versus 15.2% in rising markets. It has captured roughly 42.8% of its benchmark's up-moves and 33.7% of its down-moves.
How Axis Retirement Fund - Conservative behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Axis Retirement Fund - Conservative has historically returned about -10.5% annualised, versus roughly 15.2% when the market is rising. Its deepest fall on record is -12.73%. Right now it sits about 3.28% below its all-time high (last hit 2026-01-02). The real question isn't the average year - it's whether you could hold on through the worst one.
How Axis Retirement Fund - Conservative ranks in its category
Percentile versus its ~106 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 9.66% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 7.37% |
| 3Y windows beating Nifty 500 | 0.0% |
| Median 5Y rolling CAGR | 10.04% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Axis Retirement Fund - Conservative returned a median of 9.66% a year, and 100.0% of those windows were positive.
What Axis Retirement Fund - Conservative holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 22.9% of the portfolio, across 30 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
Axis Retirement Fund - Conservative shares ICICI Prudential Retirement Fund - Hybrid Conservative (0%), ICICI Prudential Retirement Fund - Hybrid Aggressive (0%), ICICI Prudential Retirement Fund - Pure Equity (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages Axis Retirement Fund - Conservative - and how good are they?
Axis Retirement Fund - Conservative is managed by Devang Shah, Hardik Shah and Jayesh Sundar. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Devang Shah's full record
Devang Shah currently runs 15 funds, across Arbitrage Fund, Conservative Hybrid Fund, Credit Risk Fund, Dynamic Bond and more, with about ₹85,015 Cr under management. The book's average King Score is 65.8/100. Their strongest fund by King Score is Axis Liquid Fund (89/100); Axis Retirement Fund - Conservative ranks #10 of 15 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Liquid Fund | 98 | 89 | 1.7% | 3.5% | 6.7% | 7.0% | 6.4% | 6.2% | 1.41 | 7.0% | -0.2% |
| 2 | Axis Treasury Advantage Fund | 91 | 89 | 1.7% | 3.3% | 6.5% | 7.4% | 6.7% | 7.0% | 1.56 | 7.7% | -1.5% |
| 3 | Axis Money Market Fund | 95 | 85 | 2.0% | 3.5% | 6.7% | 7.5% | 6.8% | n/a | 1.67 | 6.2% | -1.2% |
| 4 | Axis Credit Risk Fund | 87 | 84 | 2.2% | 4.4% | 8.6% | 8.8% | 7.7% | 7.7% | 2.31 | 7.3% | -3.5% |
| 5 | Axis Dynamic Bond Fund | 92 | 82 | 1.6% | 3.4% | 6.4% | 7.4% | 6.2% | 7.4% | 0.43 | 8.2% | -7.1% |
| 6 | Axis Long Duration Fund | 79 | 81 | 0.7% | 1.8% | 2.4% | 5.7% | n/a | n/a | -0.19 | 6.5% | -5.6% |
| 7 | Axis Arbitrage Fund | 85 | 77 | 1.6% | 3.1% | 6.7% | 7.4% | 6.8% | 6.5% | 0.89 | 6.7% | -0.6% |
| 8 | Axis Income Plus Arbitrage Active FOF | 56 | 62 | 1.4% | 3.0% | 6.0% | 7.8% | 6.6% | n/a | 0.71 | 6.5% | -2.8% |
| 9 | Axis Retirement Fund - Dynamic | 45 | 62 | 0.5% | 5.6% | -1.7% | 11.0% | 7.7% | n/a | 0.36 | 14.3% | -17.1% |
| 10 | Axis Retirement Fund - Conservative (this page) | 24 | 52 | -0.3% | -0.1% | -0.3% | 7.1% | 6.0% | n/a | 0.1 | 9.7% | -12.7% |
| 11 | Axis Conservative Hybrid Fund | 43 | 38 | 0.4% | -1.6% | -3.2% | 0.9% | 0.1% | 0.8% | -0.98 | 1.8% | -17.6% |
| 12 | Axis Multi Asset Allocation Fund | 72 | 37 | 1.4% | 2.9% | 8.8% | 13.1% | 8.9% | 11.7% | 0.63 | 10.9% | -27.4% |
| 13 | Axis Conservative Hybrid Fund | 21 | 17 | -1.2% | -2.1% | -4.1% | -1.9% | -2.3% | -0.5% | -1.42 | 0.6% | -15.4% |
| 14 | Axis Income Plus Arbitrage Passive FOF | n/a | n/a | 1.8% | 3.3% | n/a | n/a | n/a | n/a | n/a | n/a | -0.1% |
| 15 | Axis Multi-Asset Active FoF | n/a | n/a | 1.8% | 6.6% | n/a | n/a | n/a | n/a | n/a | n/a | -8.6% |
Hardik Shah's full record
Hardik Shah currently runs 10 funds, across Dynamic Bond, Floater Fund, FoF Domestic, Index Funds and more, with about ₹10,512 Cr under management. The book's average King Score is 70.1/100. Their strongest fund by King Score is Axis Ultra Short Duration Fund (91/100); Axis Retirement Fund - Conservative ranks #9 of 10 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Ultra Short Duration Fund | 96 | 91 | 1.9% | 3.6% | 6.9% | 7.5% | 6.8% | n/a | 1.72 | 6.1% | -0.8% |
| 2 | Axis Dynamic Bond Fund | 92 | 82 | 1.6% | 3.4% | 6.4% | 7.4% | 6.2% | 7.4% | 0.43 | 8.2% | -7.1% |
| 3 | Axis Long Duration Fund | 79 | 81 | 0.7% | 1.8% | 2.4% | 5.7% | n/a | n/a | -0.19 | 6.5% | -5.6% |
| 4 | Axis Floater Fund | 99 | 80 | 2.2% | 4.0% | 7.3% | 8.3% | 7.2% | n/a | 0.78 | 8.1% | -1.3% |
| 5 | Axis CRISIL IBX SDL May 2027 Index Fund | 82 | 78 | 1.6% | 3.0% | 6.3% | 7.5% | n/a | n/a | 1.07 | 7.8% | -3.6% |
| 6 | Axis CRISIL IBX 50 50 Gilt Plus SDL June 2028 Index Fund | 75 | 76 | 1.5% | 2.5% | 5.8% | 7.4% | n/a | n/a | 0.78 | 7.5% | -0.8% |
| 7 | Axis Income Plus Arbitrage Active FOF | 56 | 62 | 1.4% | 3.0% | 6.0% | 7.8% | 6.6% | n/a | 0.71 | 6.5% | -2.8% |
| 8 | Axis Retirement Fund - Dynamic | 45 | 62 | 0.5% | 5.6% | -1.7% | 11.0% | 7.7% | n/a | 0.36 | 14.3% | -17.1% |
| 9 | Axis Retirement Fund - Conservative (this page) | 24 | 52 | -0.3% | -0.1% | -0.3% | 7.1% | 6.0% | n/a | 0.1 | 9.7% | -12.7% |
| 10 | Axis Multi Asset Allocation Fund | 72 | 37 | 1.4% | 2.9% | 8.8% | 13.1% | 8.9% | 11.7% | 0.63 | 10.9% | -27.4% |
Jayesh Sundar's full record
Jayesh Sundar currently runs 5 funds, across Conservative Hybrid Fund, Large Cap Fund, Retirement Fund, with about ₹30,774 Cr under management. The book's average King Score is 44.8/100. Their strongest fund by King Score is Axis Retirement Fund - Dynamic (62/100); Axis Retirement Fund - Conservative ranks #3 of 5 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Retirement Fund - Dynamic | 45 | 62 | 0.5% | 5.6% | -1.7% | 11.0% | 7.7% | n/a | 0.36 | 14.3% | -17.1% |
| 2 | Axis Large Cap Fund | 76 | 55 | 0.5% | 3.2% | -3.8% | 8.0% | 5.3% | 12.2% | 0.11 | 13.7% | -30.1% |
| 3 | Axis Retirement Fund - Conservative (this page) | 24 | 52 | -0.3% | -0.1% | -0.3% | 7.1% | 6.0% | n/a | 0.1 | 9.7% | -12.7% |
| 4 | Axis Conservative Hybrid Fund | 43 | 38 | 0.4% | -1.6% | -3.2% | 0.9% | 0.1% | 0.8% | -0.98 | 1.8% | -17.6% |
| 5 | Axis Conservative Hybrid Fund | 21 | 17 | -1.2% | -2.1% | -4.1% | -1.9% | -2.3% | -0.5% | -1.42 | 0.6% | -15.4% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 1.25% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Lock-in | 5 days |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹48 Cr |
| Age | 6.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How Axis Retirement Fund - Conservative compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| ICICI Prudential Retirement Fund - Hybrid Conservative | 77 | 84 | 9.6% |
| ICICI Prudential Retirement Fund - Hybrid Aggressive | 85 | 79 | 16.4% |
| ICICI Prudential Retirement Fund - Pure Equity | 81 | 78 | 18.6% |
| Aditya Birla Sun Life Retirement Fund-The 50s | 66 | 76 | 7.9% |
| Union Retirement Fund | 70 | 73 | 11.9% |
| Tata Retirement Savings Fund- Conservative | 79 | 72 | 7.6% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Axis Retirement Fund - Conservative review: the bottom line
Related
Frequently asked questions
Is Axis Retirement Fund - Conservative a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Axis Retirement Fund - Conservative scores 52/100 on our King Score and RS 24/99 within its category, has compounded 7.13% a year over three years, and its worst drawdown was -12.73%. Compare those against your needs and the peer table above.
What is the NAV of Axis Retirement Fund - Conservative today?
The latest NAV is ₹17.34 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Axis Retirement Fund - Conservative?
The Direct-plan expense ratio is 1.25% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Axis Retirement Fund - Conservative?
Axis Retirement Fund - Conservative is managed by Devang Shah; Hardik Shah; Jayesh Sundar; Krishnaa N.
Is Axis Retirement Fund - Conservative safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -12.73% - ₹1 lakh briefly becoming about ₹87,270. As a solution fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Axis Retirement Fund - Conservative good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 5 years grew ₹6.1 lakh into about ₹7.1 lakh (XIRR 5.94%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Axis Retirement Fund - Conservative?
A ₹10,000/month SIP over 5 years would have grown to about ₹708,809 (an XIRR of 5.94%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Axis Retirement Fund - Conservative rank among similar funds?
On 3-year returns it sits around the 50th percentile of its category, and its consistency ranks 41th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Axis Retirement Fund - Conservative tax-efficient / what about capital gains?
As a solution fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Axis Retirement Fund - Conservative live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.